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BRIEF: Malco Products leader to retire at end of June [St. Cloud Times, Minn. :: ]

(St. Cloud Times (MN) Via Acquire Media NewsEdge) June 20--ANNANDALE -- Don Schmidt, executive vice president of Malco Products Inc., will retire from the company June 30 after a 42-year career.

Schmidt had been national sales manager, director of sales and promotion and vice president of sales and marketing before becoming executive vice president 18 years ago.

He will continue to serve on the Malco board of directors.

Mary Ross, who is director of marketing, will oversee sales and marketing.

And Eric Peterson will oversee duties as director of product development.

Malco is a developer and manufacturer of specialized hand tools and power tool accessories for the construction and automotive markets in the United States, Canada, Western Europe and South Pacific. The company started in Minneapolis in 1950 and moved to Annandale in 1971.

For information, visit www.malcotools.com.

Send business news and tips to Times Business Reporter Kevin Allenspach at kallenspach@stcloudtimes.com. Get business news at www.sctimes.com/business, on Facebook at Kevin Allenspach -- St. Cloud Times, and on Twitter @KevinAllenspach. Find more blog entries at www.sctimes.com/business.

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